October 1, 2023 10:52 pm
New Downtown St. Petersburg Stadium Deal Set to be Announced by Rays

The Tampa Bay Rays are set to make a considerable announcement on Tuesday with regards to the building of a new stadium in downtown St. Petersburg. The new stadium will be situated close to the present Tropicana Field web page as element of the redevelopment of the Historic Gas Plant District. It is anticipated to be open for the 2028 season.

Preliminary details suggests that the new stadium will have a fixed dome roof and an artificial turf field. It is estimated to have a seating capacity of about 30,000 and price more than $1.two billion. The funding for the project will come from contributions from the group, St. Petersburg, and Pinellas County.

Rays principal owner Stuart Sternberg has expressed optimism about reaching a deal with the city and county by the finish of the year. He has also stated that the group expects to finance at least half of the stadium project and is in search of investors to contribute to the remaining price in exchange for shares in the group.

The new stadium agreement will deliver the group with a new house immediately after their 30-year lease at Tropicana Field expires in 2027. Group officials anticipate that the new stadium will lead to enhanced revenues by means of larger attendance and extra sponsorship bargains. These enhanced revenues will permit them to increase facilities and boost player payroll.

This announcement brings an finish to a 16-year search for a new stadium, which incorporated proposed web sites in each Tampa and St. Petersburg. Regardless of exploring the possibility of creating a stadium in Tampa, negotiations did not progress far sufficient to establish a financing package. Moreover, a strategy to split house games among Montreal and Tampa was rejected by Key League Baseball officials.

The announcement really should place an finish to speculation about the group potentially relocating to cities like Nashville or Las Vegas. Additional facts about the Rays’ announcement are presently not out there.

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